4040 S Calumet Avenue, Chicago, IL 60653

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Connections
4040 S Calumet Avenue,Chicago, IL 60653
$849,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: sophie beaudoin
Office: re/max top performers
MLS#:12584754
Source:MLSNI

Price summary

  • Price:$849,000

About this home

Exceptional investment opportunity in the heart of historic Bronzeville. This fully renovated three-unit building at 4040 S. Calumet Ave offers investors a rare turn-key asset with strong income and long-term appreciation potential. The property has undergone a complete rehabilitation in recent years, with significant updates throughout the building. Each unit is currently rented at above-market rents, providing immediate cash flow and stable tenancy for the new owner. The building has been well-maintained and updated, making it an ideal low-maintenance addition to an investment portfolio. With continued development and rising demand in Bronzeville, this property is well-positioned to benefit from long-term neighborhood growth and increasing property values. Located just minutes from downtown Chicago, residents enjoy easy access to public transportation, major expressways, and nearby amenities, including Washington Park, the Lake Michigan lakefront, and the DuSable Black History...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1893
  • Listing ID #:12584754
  • Updated:May 14, 2026 at 10:56 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1893
  • Lot area:0.07 Acres
  • Lot Features:Landscaped

Schools

  • High school:Phillips Academy High School
  • Middle school:Wells Preparatory Elementary Sch
  • Elementary school:Wells Preparatory Elementary Sch

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$849,000
  • Tax amount:$11,292 (2024)
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.

New listings near 4040 S Calumet Avenue